Home Articles CPD: ISRS 4400 (Revised) A High-Level Overview of the Proposed Changes

CPD: ISRS 4400 (Revised) A High-Level Overview of the Proposed Changes

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On 15 November 2018 the International Auditing and Assurance Standards Board (IAASB) issued the exposure draft of proposed ISRS 4400 (Revised), Agreed-Upon Procedures Engagements (ED-4400), for public comment by 15 March 2019.

The project to revise ISRS 4400 was started seeing that the standard had been developed more than 20 years ago and the growing demand for agreed-upon procedures (AUP) engagements.1 Most of the key revisions in ED-4400 resulted from stakeholder feedback on the IAASB’s discussion paper Exploring the Demand for Agreed-Upon Procedures Engagements and Other Services (November 2016) and continuing targeted stakeholder outreach.